Posted 10 months ago on June 3, 2014, 7:05 a.m. EST by turbocharger
(1756)
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The bailouts continue, with another $75 Billion going to the banks yesterday.

First it was TARP. Then the corporate bailouts.

Then QE1 which was a Trillion $$$.

QE2 another Trillion $$$.

Then it was QE3, another 1/2 a Trillion.

Then they moved to the final phase, QE Forever. As in, monthly bailouts that have no stopping point. This started right before the elections in 2012, and hasnt stopped. They did decrease it from $85 to 75B a couple months ago, to appease the markets.

But the quarter actually shrank at the beginning of the year, so the drugs must continue, and they must get bigger and more powerful.

So far, QE Forever has dumped 1.5 TRILLION into the banks.

We are in the position in this country where Congress is bailing out the banks every single fuckin month, and no one has a clue its even happening.

"The impact of the neoliberal assault on the U.S. population in the past generation has rightly been designated a 'failure by design.' This failure is sharply class-based-for the designers it has been a grand success, and a failure for most of the rest. The same is true of debt. That sets two tasks for those who care about the health of the society: change the design, and find ways to cope as effectively with the failures it imposes. This valuable monograph by Strike Debt provides a good guide to undertake both." — Noam Chomsky.